PANews reported on August 29th that, according to Cailian Press, Federal Reserve Board Governor Waller expressed support for a 25 basis point rate cut at the Fed's September meeting and predicted further rate cuts over the next three to six months. He said he did not believe a deeper rate cut would be necessary in September unless the August jobs report showed significant economic weakness and well-controlled inflation. Excluding the temporary impact of tariffs, underlying inflation is close to 2%, and the policy rate is expected to be "modestly constrained," ranging from 1.25 to 1.50 percentage points above the neutral rate.PANews reported on August 29th that, according to Cailian Press, Federal Reserve Board Governor Waller expressed support for a 25 basis point rate cut at the Fed's September meeting and predicted further rate cuts over the next three to six months. He said he did not believe a deeper rate cut would be necessary in September unless the August jobs report showed significant economic weakness and well-controlled inflation. Excluding the temporary impact of tariffs, underlying inflation is close to 2%, and the policy rate is expected to be "modestly constrained," ranging from 1.25 to 1.50 percentage points above the neutral rate.